Diamond S Shipping Group (Diamond S Shipping Group) Interest Expense : $ Mil (TTM As of Mar. 2013)

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What is Diamond S Shipping Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Diamond S Shipping Group's interest expense for the six months ended in Mar. 2013 was $ -33.40 Mil. Diamond S Shipping Group does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2013.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Diamond S Shipping Group's Operating Income for the six months ended in Mar. 2013 was $ 44.38 Mil. Diamond S Shipping Group's Interest Expense for the six months ended in Mar. 2013 was $ -33.40 Mil. Diamond S Shipping Group's Interest Coverage for the quarter that ended in Mar. 2013 was 1.33. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Diamond S Shipping Group Interest Expense Historical Data

The historical data trend for Diamond S Shipping Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Diamond S Shipping Group Interest Expense Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Interest Expense

-19.37

-33.40

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Interest Expense	-19.37	-33.40

Diamond S Shipping Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Diamond S Shipping Group (NYSE:DSG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Diamond S Shipping Group's Interest Expense for the six months ended in Mar. 2013 was $-33.40 Mil. Its Operating Income for the six months ended in Mar. 2013 was $44.38 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2013 was $582.17 Mil.

Diamond S Shipping Group's Interest Coverage for the quarter that ended in Mar. 2013 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2013 )	/	Interest Expense (Q: Mar. 2013 )
	=	-1	*	44.381	/	-33.403
	=	1.33

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies interest coverage is at least 5. Diamond S Shipping Group Inc interest coverage is 1.33, which is low.

Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.